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Quality & Other Terms(Quick Test #1)

Author:
Harold Averkamp, CPA, MBA

After you have answered all 20 questions, click "Grade This Quick Test" at the bottom of the page to view your grade and receive feedback on your answers.

Note: Some of the following test questions may not have been covered in the Explanation or Practice Quiz for this topic. For more insight regarding a specific question, use the search box at the top of the page.

    1. 1. The term bottlenecks is a relevant concept in the theory of __________.

    2. 2. The term used by the Japanese when referring to continuous improvement is __________.

    3. 3. ISO 9001 involves international general standards to provide assurance of the __________ in processes and products.

    4. 4. MRP is the acronym for material requirements __________.

    5. 5. One of the primary inputs for an MRP system is each product’s __________ of materials.

    6. 6. The balanced __________ measures more than the financial results achieved for stockholders.

    7. 7. A group of different machines or operations that are 1) often arranged in the shape of a U, and 2) results in less movement of materials is a manufacturing or work __________.

    8. 8. The program that dramatically reduces the number of defects so there is 99.99966% perfection is known as six __________.

    9. 9. Reducing the amount of time for a machine’s setup is part of __________ manufacturing or production.

    10. 10. TQM is the acronym for __________ __________ __________.

    11. 11. A __________ chart or graph contains upper and lower limits for assisting in the decision to investigate or not investigate a process.

    12. 12. The continuous process of studying how one’s processes, products, etc. compare to the best practices is known as __________.

    13. 13. The mathematical technique that computes the optimum mix of products that will provide the greatest contribution margin from scarce resources is known as __________ programming.

    14. 14. One of the benefits of the Program and Evaluation Review Technique (PERT) is the identification of the __________ path.

    15. 15. The __________ curve models recognize that the amount of time necessary for performing a recurring task will decrease as one learns or experiences the task.

    16. 16. The goal of target __________ is to reduce manufacturing costs so that a product can be priced competitively and yet be profitable.

    17. 17. A potential benefit of the information found in an ABC system is the elimination of activities that do not add __________ for the customer.

    18. 18. A value __________ shows the business activities or functions starting with research and development and ending with customer service.

    19. 19. A __________ chain shows the path from the purchase of materials to the ultimate customer of a product.

    20. 20. Throughput costing involves the assigning of __________ of the manufacturing costs to products.

Any questions left unanswered will be marked incorrect.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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